文章基本信息

标题：Quantifying the Microeconomic and Macroeconomic Impact of the Recent Crude Oil Price Fluctuations
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作者：Peng Xu ; Utsav Adhikari ; Lei Guo 等
期刊名称：Open Journal of Statistics
印刷版ISSN：2161-718X
电子版ISSN：2161-7198
出版年度：2016
卷号：06
期号：04
页码：605-615
DOI：10.4236/ojs.2016.64051
语种：English
出版社：Scientific Research Publishing
摘要：This study analyzed the potential impact of the increased oil volatility on the industries and the global economy. Specifically, it separated the oil price fluctuations into positive and negative components, and modeled the return of industry portfolios with them. Next, the sensitivity of the airline industry to oil price was investigated to gauge the effectiveness of their hedging strategies, with the hope that the methodology can be extended to other industries. In addition, this paper explored the macroeconomic impact of oil price movements by examining the benchmarks such as GDP and CPI.
关键词：Crude Oil;Airline;Hedging;Asymmetric Effects;Microeconomics;Macroeconomics